Arizona Bail Bond Agent Bond

Arizona Bail Bond Agent Bond

Bail bond agents who conduct business in the State of Arizona are required to be licensed with the Arizona Department of Insurance and Financial Institutions (DIFI), pertinent to the ARS 20-340.02. One of the requirements to obtain this license is a $10,000 Bail Bond Agent bond. 

This license bond is a financial guarantee from Jet Insurance Company to the ADI displaying the financial capability to recover unlawful fees or unreturned collateral.

APPLY FOR BAIL BOND AGENT BOND

The $10,000 Bail Bond Agent Bond can be purchased immediately online from Jet.

What Is the Lowest Price for the Bail Bond Agent Bond?

Jet’s price for the bond starts at $10 monthly or $100 annually. These rates are based on the applicant’s personal credit..

Preferred pricing options for both monthly and annual payment plans can be found below:

Bond TermCost
Monthly$10
1 Year$100
2 Years$175
3 Years$250
Arizona Bail Bond Agent Bond Pricing

With Jet you can expect a quick process and the lowest rates as we have eliminated middlemen from this process with their delays and fees.

What Is the Purpose of the Bail Bond Agent Bond?

The DIFI has an obligation to protect citizens and businesses of Arizona by promoting an innovative and safe insurance marketplace. The legislature set in place  ARS 20-340.01 to legally mandate that all Arizona bail bondsmen obtain a bond which ensures that collateral is properly returned to the accused or submitted to the court as needed, and that no unlawful fee or premiums are charged to the accused.

Jet’s role, much like your role as a bond agent, is to make a guarantee someone will fulfill their legal obligation. In the case of this license bond, we guarantee certain financial transactions follow the law and if not, it is coming out of our pocket to make it right. The major difference is we are not going to show up to your house should you default, we just send an invoice.

How Does the Application Process Work With Jet?

Jet will request basic information through our online application process including your social security number for a soft credit check. Don’t worry it will not show up on your credit report or affect your score.

You will be able to purchase your bond right then and there and receive a bond copy for download. Whole process takes about 3 minutes.

How Does the Bail Bond Agent Bond Get Filed to the Arizona Department of Insurance?

Fear not, as Jet will complete the filing for you. Upon completion of the online application process, an original bond form will be sent to the ADI as well as a copy for your own records.

Should you want to send in the bond form personally, perhaps with additional paperwork, let Jet know at checkout and we will deliver the original to you.

The mailing address for the ADI is found below:

Arizona Department of Insurance and Financial Institutions
100 N 15th Ave, Suite 261
Phoenix, AZ 85007

Can I Cancel My Bond and Get a Refund?

With Jet, yes. Just send a cancellation request through mail or email and we’ll cancel the bond for you. A cancellation notice will be sent by Jet to the Arizona Department of Insurance, and the bond will be canceled following a mandatory 30-day grace period (not our idea, this is legislatively required).

When determining refunds, the 30-day period may be factored in by Jet, as the bond is still active. If the monthly payment option was chosen, Jet will halt payments following the end of the cancellation period.

How Does a Bail Bond Agent Avoid Bond Claims?

Bail bondsmen are expected to follow all state laws and rules pertinent to ARS 20-340.04. Bail bondsmens should read over state statutes in detail before engaging in any business operations. In case you don’t want to, here is a breakdown of how the bond fits in.

A bondsman shall never accept money or other valuable consideration from the accused, except for the following circumstances:

Collateral when collected needs to make it back to the accused when they show up to court or to the court if the accused does not. Premiums must follow the rate following submitted to the DIFI and no unlawful fees can be charged. We are a surety bond carrier now what this is all about and strictly abide by these rules, thus will never receive a complaint.

Those accused or the court who have been financially affected through negligent or fraudulent bail bondsmen behavior may submit a complaint to the ADI or make a claim directly on our bond. The DIFI may proceed with a review and investigation of the complaint and hand down corrective action upon the bail bondsmen.

Whether guilty or not it is usually easiest to abide by the demands of the regulator. For the bondsman to not follow the demands of the ADI will put their license and bond in jeopardy.

What Happens If I Get a Bond Claim?

If you receive a license bond claim notice, immediately contact Jet and include all applicable information pertaining to your case. Jet will begin an investigation of the details of the claim. We will defend our principals from frivolous claims. If the bond claim is validated, Jet will issue payment to those affected, up to the maximum bond limit. The bondsman is still responsible for their mistakes, and is required to reimburse Jet for all claims paid just like the accused is still responsible to show up for their court date.

Arizona Bail Bond Agent Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: